InterLink Reverse Auction Buyback – Final Results & Summary

InterLink has officially concluded its first Reverse Auction Buyback program. The program ran in two phases and was launched to provide early liquidity for $ITL holders while securing tokens for the First 10 Million Linkers Celebration. Below is a complete overview of the reverse auction buyback results from start to finish.

Phase 1 - The Official Launch

Following approval from the InterLink Foundation, InterLink Labs launched Phase 1 of the Reverse Auction Buyback as part of the celebration for reaching 10 million users (10M Linkers).

Timeline: Opened in early August 2026 and closed on August 24, 2026 at 23:59:00 UTC (2 weeks).
Mechanism: Holders submitted their own asking price in a reverse auction format. The system prioritized the most competitive (lowest) offers within the available treasury budget.
Anti-spam requirement: Participants deposited 0.1 $ITL (fully refundable if not selected).
Purpose of the purchased tokens: Primarily for community rewards dedicated to the first 10 million Linkers. Any remaining tokens were planned for permanent burn.

After the final review, approximately 20,000 ITL were approved for buyback based on the available budget at that time.

InterLink Phase 1 Reverse Auction Buyback results showing ~20,000 ITL approved with a 0.1 ITL anti-spam deposit.

Why Phase 2 Was Opened

Because the amount of ITL successfully acquired in Phase 1 did not fully meet the project’s target allocation for the 10 Million Linkers Celebration, InterLink decided to open Phase 2 as a supplementary round.

Phase 2 was launched immediately after Phase 1 ended and remained open for only 48 hours. This short window gave participants who were not selected in Phase 1 a fair second opportunity to submit a new, more competitive offer. In Phase 2, participants were required to deposit the full amount of ITL they wished to sell (instead of only 0.1 ITL).

InterLink Phase 2 Reverse Auction Buyback results showing 235 wallets selected and approximately 71,564 ITL acquired in 48 hours.

Final Results Across Both Phases

After the completion of Phase 2 and the final review process, InterLink announced the combined results:

Approximately 92,000 ITL acquired in total
Approximately $240,000 USDT spent from the treasury
Highest accepted asking price: $15 per ITL
In Phase 2 alone: 235 wallets selected, ~71,564 ITL acquired

The majority of selected offers (around 85-90%) were chosen based on the most competitive prices. A smaller portion was selected randomly to give broader community participation.

All remaining (unselected) ITL from both Phase 1 and Phase 2 has now been fully refunded to participants.

InterLink Reverse Auction Buyback final summary infographic showing combined results: ~92,000 ITL acquired, ~$240,000 USDT spent, $15 per ITL highest price.

Purpose of the Buyback & What’s Next

The Reverse Auction Buyback was not intended to influence or signal the market price of $ITL. Its main purpose was to acquire tokens that will be distributed as rewards during the First 10 Million Linkers Celebration to eligible early contributors.

Eligible criteria for the celebration rewards include:

Registered before August 1, 2026
Holding more than 10,000 ITLG
Successfully completed Step 1 Verification

InterLink has confirmed that this may not be the end of the buyback journey. Future buyback rounds could return with different purposes - either to give back to the community again or to buy back and permanently burn $ITL, depending on upcoming programs and ecosystem plans.

Conclusion

The first Reverse Auction Buyback of InterLink has been successfully completed across two phases. Phase 1 secured an initial allocation, while Phase 2 was opened as a 48-hour supplementary round because the expected quantity of ITL had not yet been fully reached. Together, the two phases allowed the project to acquire a meaningful amount of $ITL using real USDT from the treasury, with all unselected tokens fully refunded.

The purchased tokens will now flow back to the community through the 10 Million Linkers Celebration rewards. InterLink continues to emphasize transparency, fairness, and long-term community alignment, further strengthening its position as a community-focused free crypto app ecosystem.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and follow only official InterLink Labs channels.